Carlsbad, New Mexico Housing Market Prices
Carlsbad Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 33% above the New Mexico median$270,840
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Median rent 2% above the New Mexico median$1,093
Housing Market Overview
| Metric | Carlsbad | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $270,840 | $204,122 | $248,835 |
| Price Trend (Annual %) | 13.6% | 3.1% | 7.5% |
| Median Gross Rent | $1,093 | $1,067 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Carlsbad is about 33% higher than in New Mexico. Rent is about 2% higher than the New Mexico average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Carlsbad, up about 13.6% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Carlsbad rose about 47.5% between 2015 and 2024, from $741 to $1,093. Over the same span, rent in New Mexico rose about 37.3%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in Carlsbad.
Buying the median-priced home in Carlsbad costs roughly 20.7 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Carlsbad. The price-to-rent ratio in New Mexico is about 15.9.
| Metric | Carlsbad | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $270,840 | $204,122 | $248,835 |
| Median Household Income | $68,505 | $64,523 | $80,455 |
| Price-to-Income Ratio | 4.0 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Carlsbad rose about 249.8%, while median household income rose about 68.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Carlsbad | New Mexico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.3% | 61.3% | 58.5% |
| Rental Rate | 27.8% | 26.2% | 31.2% |
| Vacancy Rate | 14.0% | 12.5% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Carlsbad has a homeownership rate of 58.3%, lower than the New Mexico average of 61.3%. Its housing vacancy rate is 14.0%, compared with 12.5% in New Mexico.
Housing Stock
| Metric | Carlsbad | New Mexico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1972 | 1983 | 1978 |
| Median Number of Rooms | 5.4 | 5.3 | 5.5 |
The typical housing unit in Carlsbad was built around 1972. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Carlsbad, New Mexico.
What is the median home price in Carlsbad, New Mexico?
The median home price in Carlsbad, New Mexico is $270,840, higher than the New Mexico average of $204,122.
What is the average home price in Carlsbad, New Mexico?
The typical home price in Carlsbad, New Mexico, reported as the median sale price, is $270,840. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Carlsbad, New Mexico?
The median gross rent in Carlsbad, New Mexico is $1,093 per month, higher than the New Mexico average of $1,067.
What was the median gross rent in Carlsbad in 2020?
In 2020, the median gross rent in Carlsbad, New Mexico was $976 per month.
What is the price-to-rent ratio in Carlsbad, New Mexico?
The price-to-rent ratio in Carlsbad, New Mexico is about 20.7, meaning it would take roughly 20.7 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Carlsbad.
Are home prices or rent rising faster in Carlsbad, New Mexico?
Both home prices and rent are rising in Carlsbad, up about 13.6% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Carlsbad, New Mexico?
58.3% of households in Carlsbad, New Mexico own their home, lower than the New Mexico average of 61.3%.
What is the vacancy rate in Carlsbad, New Mexico?
The housing vacancy rate in Carlsbad, New Mexico is 14.0%, higher than the New Mexico average of 12.5%.
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